2002 20th St - Office FOR SALE


Kenner, LA 70062
$1,050,000 USD
504-838-0001
2002 20th St, Kenner, LA for Sale
$1,050,000 USD
Office - FOR SALE
1/41
null | Request Cap Rate

2002 20th St
Kenner, LA 70062


OVERVIEW

This is a two building complex with both buildings sharing common access, and both buildings being 2-story walk-ups. There are a combined 16 commercial units. This complex was originally developed as a 16 unit executive suite office condominium complex. The Condominium is still in place but all units are owned by the same entity. As a result there are no monthly association fees paid for common area costs. The current ownership operates the property similarly to a multi tenant commercial building. The tenant mix is all small office and service type occupancy and stays leased. If a buyer was so inclined units could be marketed for sale as condo units - perhaps an exit strategy for either reducing risk or basis. Building A, the front building on Williams, is estimated to be 6388 gross square feet and the rear building is estimated to be 8018 gross square feet. The current owner will consider a sale subject to owner financing or bond for deed. These terms are negotiable subject to buyer creditworthiness and amount of down payment. Asking rents range from $1100/month to $1350/month.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Parkway Executive Suites

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C-2

APN/PARCEL ID

0920027257

ASK ABOUT THIS PROPERTY

Charles JugeRE/MAX Commercial Brokers, Inc.More Info
504-838-0001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Charles JugeRE/MAX Commercial Brokers, Inc.More Info
504-838-0001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.